Stock Update (NASDAQ:CSCO): Cisco (CSCO) Stock Rises, Analysts Split on Executives Departure

[at TheStreet] – Cisco (CSCO) stock is increasing after analysts remained mixed on the recent departure of four key executives. Read more on this. Cisco Systems, Inc. (CSCO) , currently valued at $146.57B, started the session at $29.09. Looking at today’s market, CSCO one day range is $29.06 to $29.27 with the price of the stock fluctuating between $22.46 to $29.49 over the last 52 weeks. CSCO shares are currently priced at 12.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -4.54x earnings multiple. And for income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.57%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.60 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.33 would be a $0.12 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.58 Billion. If realized, that would be a 2.02% decrease over the year-ago quarter. Recently, JP Morgan upgraded CSCO from Underweight to Neutral (Apr 6, 2016). Previously, BofA/Merrill downgraded CSCO from Buy to Neutral. The average price target for CSCO shares by the analysts covering it is $30.86, which is 6.08% above where the stock opened. See more in (NASDAQ:CSCO) Similar Articles: Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco Systems (CSCO) Stock Be Affected as Executives Resign? Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises, William Blair Applauds Apple Partnership Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute